$2,495,000 - 1140 Balboa Boulevard, Newport Beach

  • 0Beds
  • Baths
  • 0SQ. Feet
  • 0.07Acres

A unique opportunity to acquire a Residential Duplex on Balboa Boulevard in Newport Beach, CA. The Residential Duplex consists of a one unit that is comprised of a 3 bedroom / 2 bathroom and another unit that is a 2 bedroom /1 bathroom. Both units are currently on MTM Leases at below market rent, which allows an investor the opportunity to bring the units to market rent. In addition, the duplex currently zoned for R-2, which allows for short term lodging (less than 30 consecutive days) with a city permit. The subject property is located in Newport Beach, CA, specifically in the affluent neighborhood of Balboa Peninsula. The duplex is ideally located on Balboa Boulevard near 11th street, which is a couple blocks from the beach and the bay. commonly known as the Balboa Peninsula of Newport Beach, CA. The property is within walking distance to Newport Pier, Marina Park, Newport Elementary School, the Balboa Fun Zone and numerous restaurants and shops. The duplex is within a few miles of Hoag Hospital, which regionally and nationally ranked by U.S. News & World Report.

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Sales Agent

Sam SmithNewport Beach Real EstatePhone: 949-444-1901Cell: 949-444-1901Contact Agent Now

Essential Information

  • MLS® #:OC22233646
  • Price:$2,495,000
  • Bathrooms:0.00
  • Acres:0.07
  • Year Built:1955
  • Type:Residential Income
  • Sub-Type:Duplex
  • Status:Closed
  • Listing Agent:Philip Immel
  • Listing Office:Pacific Sotheby's International Realty

Community Information

  • Address:1140 Balboa Boulevard
  • Area:NP - Balboa Peninsula
  • Subdivision:Balboa Peninsula (Residential) (BALP)
  • City:Newport Beach
  • County:Orange
  • Zip Code:92661

Amenities

  • Parking Spaces:2
  • # of Garages:2
  • Waterfront:Across the Road from Lake/Ocean, Ocean Side Of Highway
  • Pool:None

Interior

  • # of Stories:1
  • Stories:One, Two

Exterior

  • Lot Description:Rectangular Lot

Additional Information

  • Date Listed:November 1st, 2022
  • Days on Market:114

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Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 11:15pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.